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AML / KYC
Philippine Police Arrest Former Govt Official for Banking Law Violations
By Editors | 28/08/2019
Former foreign affairs secretary Perfecto Yasay Jr is reportedly accused of conspiring to obtain a $6.7mn loan for a company without reporting the loan to the central bank.
Enforcement
US SEC Fines Deutsche Bank $16m for Corrupt Hiring Practices
By Editors | 27/08/2019
Between 2006 and 2014, Deutsche Bank hired relatives of executives of Chinese and Russian state-owned enterprises to generate business for the bank.
Capital / Liquidity
US Regulators Approve Easing of Volcker Rule
By Manesh Samtani | 21/08/2019
Two of five US agencies have approved the Volcker Rule revamp, which aims to simplify its requirements and give banks more flexibility to trade.
AML / KYC
The Long Arm of the Law
By Eric A. Sohn | 19/08/2019
Eric A. Sohn at Dow Jones Risk & Compliance discusses the US’ ability to restrict a firm’s access to correspondent banking services and its financial markets.
Market Infrastructure
Thailand, Cambodia to Cooperate on Cross-Border Listings
By Editors | 13/08/2019
Thailand and Cambodia’s securities regulators have agreed on a plan to enable cross-border equity offerings and depositary receipts in a bid to boost the development of the CSX.
Fintech / Regtech
Philippine SEC Proposes New Requirements for Online Lending Platforms
By Editors | 08/08/2019
The SEC proposes new disclosure and reporting requirements for operators of online lending platforms, in response to inquiries from the public about their registration and legitimacy.
Market Infrastructure
LIBOR Transition Presents Opportunity to Gain Market Share
By Matthieu Sachot | 08/08/2019
Financial institutions should be treating the LIBOR transition as an opportunity to strengthen client relationships and win market share, says Matthieu Sachot at Chappuis Halder & Co.
Enforcement
Thailand SEC to Incorporate AI in Price Manipulation Probes
By Editors | 02/08/2019
Existing investigation and fact-finding procedures currently take 1.5 years before civil sanctions or penalties are imposed.
Capital / Liquidity
US Regulators Approve 82 Foreign Banks’ Resolution Plans
By Editors | 31/07/2019
The Fed and FDIC have accepted the resolution plans of 82 foreign banks, and granted an extra year extension before the next resolution plans need to be submitted.
Securities / Derivatives
JPX, TOCOM Finalise Merger Agreement to Create Integrated Bourse
By Editors | 31/07/2019
TOCOM precious metals, agricultural and rubber products will be transferred to Osaka Exchange, a JPX subsidiary, creating an all-in-one bourse by July 2020.
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